Any Dispute shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Centre (HKIAC) under its Administered Arbitration Rules in force at the time the Notice of Arbitration is submitted. The seat shall be Hong Kong, the tribunal shall consist of one arbitrator (unless the HKIAC determines three arbitrators are warranted), and the language shall be English. Proceedings shall be confidential. The award shall be final and binding.